178 E Cove DrMaconNC27551
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $2,244/mo, and a $3,304/mo payment. Purchase price stands at $675,000, and rental yield measures 3.99% with $2,244/mo rent. Return on cash invested shows 9.96% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 49.3% and total cumulative return in cash records $109,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,244/mo property income covering a $3,304/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27551, Macon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,881 (100%) |
| Owner Occupied HU | 903 (48.0%) |
| Renter Occupied HU | 173 ( 9.2%) |
| Vacant Housing Units | 805 (42.8%) |
| Median Home Value | $409,574 |
| Average Home Value | $431,977 |
Housing Distribution
Address Breakdown
Residential
1,306
Single Family
1,306
Multi-Family
0
Businesses
41
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Listed by: Dee Price • Keller Williams Realty (Raleigh)
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #140442